Reconciliation Platform for a leading Fintech
The client is a leading Fintech company with a Unicorn status. It is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite.
BUSINESS CHALLENGES & SCOPE
Developing the Reconciliation module for the product suite
Connexis has developed a Reconciliation Platform that is capable of:
- The product helps confirm the final state of the transaction to both the payer and the payee
- This process acts as the final gatekeeper for any transactions, If there is anything wrong we clearly get a report from scheduled reports.
- In this process we receive the MIS file from the gateway which contains all the transactions between Razorpay and gateway, We then upload the received file on the system which then reconciles each transaction row by row.
- After the reconciliation process, the system generates an output file that contains the entire transaction report.